Home / Knowledge / News / Fashion / Rustan Group to sell Samsonite travel goods
Rustan Group to sell Samsonite travel goods
13
Aug '08
Samsonite Group, the worldwide leader in travel bags, luggage and accessories, announces that it has signed an agreement to establish a Joint Venture with Specialty Investments Inc a subsidiary of the Rustan Group.

Rustan Group is a leading wholesaling and retailing conglomerate in the Philippines and is the exclusive franchisee for some of the finest international names in fashion and personal care products.

The agreement reinforces and accelerates Samsonite Group's President and CEO, Marcello Bottoli's vision of turning Samsonite into a global group with a strong market penetration and leadership in all continents. By reinforcing its presence in this territory, Samsonite sets the stage for continued expansion in the region.

The agreement allows the Joint Venture company to distribute and to sell travel goods, and Samsonite Group's President and CEO, Marcello Bottoli, and President Asia, Ramesh Tainwala, will be the directors of the Joint Venture company.

Samsonite Group's President and CEO Marcello Bottoli said, "We are very excited about partnering with the Rustan Group in one of the world's fastest growing markets.

The Joint Venture represents an important milestone in Samsonite's repositioning as an elite lifestyle travel company on a global scale.

At the same time, the cooperation materially benefits all of our brands' future development in the Philippines and its surrounding regions.

We continue to define, develop, clarify and promote all of our brands, thereby strengthening our position in every market segment and building a solid platform for future growth."

Chairman of Specialty Investments Mrs. Zenaida R. Tantoco commented, "We are absolutely delighted to become part of this great company. This is further recognition that we have been able to maintain the highest standards of quality in our home market.

The future of our company is very important to us and we believe that, by becoming a strategic partner of Samsonite, we are rapidly accelerating our own corporate development and reinforcing our domestic market leadership.

Specialty Investments has an outstanding team of retail professionals which, when combined with Samsonite's global expertise, makes an exceptional combination to serve our customers even better."

Samsonite Group


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search